Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[-] Comment on "NAILTA Announces Opposition to "MERS 2" Proposal" - Source of Title/OH (2 replies)
12/3/2011 10:06:44 PM (3087 views)
MERS SOLUTION MADE EASY - kim Wilson/GA
12/3/2011 10:06:44 PM (10321 views)
If MERS is just a deceptive trade operation run by its unsupervised
20,000 members feeding a “tracking” system why are we even arguing over
its importance still?

What good is any "recording" system where Banksters can enter directly 
into it? (HELLO, IT'S WORTHLESS)

We have to protect the original note and mortgage and the arms length 
closing agents need to assume more resposibility. Closing agents need to be 
responsible for "recording" and forwarding original notes and mortgages 
to a secure government storage facility where banks can't destroy or 
alter them. (THERE ARE NO OTHER ALTERNATIVES THAT WILL WORK)
 Why don't you have a real productive meeting with Senator Corker's and organize 
the players with real solutions that make a difference so we can make a 
baby step forward after 4 years! Reach across the aisle and invite people 
like Beau Biden & Eric Schneiderman & Martha Coakley & Garfield Continuum
Elizabeth Warren etc... One powerful meeting
and watch the excitment you generate in the USA.
All the players that care need to work together and change will happen fast.
Yes NAILTA needs to market solutions through demands and
networking. You are the perfect organization to take charge of this mess.

Upon information and belief, over one third of residential mortgages in
the state of Delaware are recorded in the name of MERS, rather than in
the name of the bank, trust, or company that actually owns the mortgage
debt. What good is a “recording” system that sets up deception?

Once you become a member of MERS you provide a list of certifying
officers. These approx. 20,000 “member employees” acting on behalf of
MERS are really employees of another entity. At what point are we going
to decide that all deception is going to be eliminated including MERS
the deception machine?

We are so desperate for a computer recording system that incorporates
proper links to closing agent documents, chain of title, property tax
and any insurance on the loan, if the loan has been paid off, how many
times the same loan has been paid off. The system needs to
incorporating a code system at the bank like US customs that allows
bank investigation at the click of a button.  (not 2
years after a problem surfaces ask the bank to self investigate and
tell us what they are doing wrong) All this does is tell the public
that there isn’t a system even set up to regulate the banks yet. We
need the public to stand up and say, Why is this crucial information
not available? Computer information systems in the US have only improved with time 
so why has tracking land records regressed so badly? Why have we done nothing to fix 
the problem? We need to have whom ever wrote the software for US
customs, Ebay and Ancestry.com to present a software program that is
transparent, linked, user friendly and provides transparent mortgage
and note information that can’t be altered. This is a software,
transparency, regulating issue that is easy to fix due to our advanced
computer technology ability. MERS is not the problem or the solution
but merely a symptom that we are fixated on for some reason that has me
totally baffled. It is a national problem that is being delt with on a 
local level that will drag this stupid issue out for years with mixed 
results in every county. If this wasn't so sad it would be funny.

Why is it easier to trace a 50 cent used item on ebay after the sale
than it is to trace a current million dollar promissory note?

Why is it easier to trace a container arriving in the USA and everything in it
than it is to trace a million dollar promissory note? (ANTIQUATED COMPUTER
TECHNOLOGY) Please ask Senator Corker what government agency is fast at work fixing the technology
problem that is preventing a chain of title at the click of a computer button.

Check out this MERS case
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

STATE OF DELAWARE,
Plaintiff,
v.

MERSCORP, Inc., a Delaware corporation, and
Mortgage Electronic Registration Systems, Inc.,
a Delaware Corporation,
Defendants.
I'm just curious when are we going to fix the first problem in the 
mortgage mess? I have a lot more solutions if you want to invite me. :-)

to post a reply: login - or - register


Re: MERS SOLUTION MADE EASY - Judith McDonald/DE
12/5/2011 11:38:48 AM (10102 views)

[+] Comment on "GMAC, Facing Lawsuit, Exits Mortgage Business in Massachusetts" - Source of Title/OH (1 reply)
12/3/2011 9:26:43 AM (3130 views)

[+] A Credit Score that tracks you more closely - Leigh Attridge/MA (1 reply)
12/2/2011 9:21:51 PM (4617 views)

[+] Global Data Source - Smitty Strickland/SC (3 replies)
12/2/2011 6:55:12 PM (3204 views)

[+] Applied Technology Resources - Verlene Miller/AL (8 replies)
12/1/2011 8:47:04 PM (3494 views)




Mass AG sues major banks over foreclosures - Leigh Attridge/MA
12/1/2011 5:35:05 PM (4187 views)

The Wikipedia of Land Registration Systems - Leigh Attridge/MA
11/30/2011 2:51:17 PM (4141 views)

[+] Comment on "The Loose-Lipped Auctioneer" - Source of Title/OH (1 reply)
11/29/2011 6:03:52 PM (3015 views)

[+] ATR - Applied Technology Resources - Non Payment - Do not work for - Greg Paszkiewicz/NJ (4 replies)
11/29/2011 12:22:58 PM (3597 views)

[+] Insourcing as opposed to outsourcing - Jeanine Johnson/MN (5 replies)
11/28/2011 4:29:27 PM (3365 views)

[+] Oil, Gas and Mineral Abstracting - Jeanine Johnson/MN (3 replies)
11/28/2011 4:20:42 PM (3219 views)

Steven J. Baum closing the doors. - Dorothy Payne/NY
11/25/2011 11:44:58 AM (4358 views)

RedVision; marketing perspective - William Pattison /CA
11/23/2011 6:18:59 PM (2752 views)

[+] Hamp Foreclosures - mason haas/NY (5 replies)
11/23/2011 12:30:36 PM (2998 views)

[+] Comment on "ALTA Researching Proposals for Federal Mortgage Recordation System" - Source of Title/OH (2 replies)
11/23/2011 10:05:33 AM (2809 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Title Resources Group Appoints Laura Kribs as Underwriting Counsel for Texas, Oklahoma
“TRG has built an exceptional reputation for strong agency relationships and thoughtful growth within the Texas ma...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates followed Treasury yields lower last week, with the 30-year fixed rate declining to 6.09 percent &#...
Second Century Ventures Opens Applications for 2026 REACH Commercial Program
“The REACH Commercial program provides a comprehensive platform for growth and innovation within the proptech sect...
CertifID Expands Platform to Simplify and Secure the Closing Experience
CertifID, the pioneer in real estate wire fraud protection, today announced the expansion of its platform to include doc...
NAHB's Best in American Living Awards Highlight Top Design Trends for 2026
“For the past several years, stark white homes—from exteriors to interiors—have saturated the market,&...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.